From Bloomberg: Norway’s government will require the country’s $520 billion oil fund to limit investments in junk- rated debt amid growing concern peripheral Europe’s fiscal crisis may be escalating.
The Government Pension Fund Global, the world’s second- biggest sovereign wealth fund, will next year be expected to try to cap its holdings of non-investment grade debt at 3 percent of its total fixed-income portfolio, said Bunny Nooryani, a spokeswoman at Norges Bank Investment Management, which runs the fund, in an e-mailed reply to questions..............................................Full Article: Source